When you’re buying paper assets and you’re hoping they go up in value… you’re gambling. And I’ll tell you, the odds are not very good right now… because it’s very obvious from the unemployment, the layoffs, the business failures, that GDP is going down. The stock market is a derivative of GDP. It is the … read more →

A study by PMI Mortgage Insurance Co. put Texas cities in it’s lowest risk categories when determining the probablility of real estate price deflation over the next two years. Dallas, Fort Worth, Houston, and San Antonio received the 3rd, 4th, 5th, and 7th lowest scores on the PMI Risk Index of the largest US cites; … read more →

From the Article: “February saw an improvement in the real estate market of Collin County and surrounding areas, reports the Collin County Association of Realtors. Closed sales increased by more than 34 percent over January, and the median sales price was 7 percent higher in February ($167,250), than in January ($156,200)…” (Published in the Star … read more →

From the Article: “The Dallas area had the third best home price performance in CoreLogic’s new report, behind Austin and Houston. It is one of only four U.S. housing markets showing a price increase.” Published in the Dallas Morning News. Read it here.

from the article: “Because entry level buyers are shopping for bargains, distressed sales accounted for 40 to 45 percent of transactions in February,” he says. “Our analysis shows that distressed homes typically are selling for 20 percent less than the normal market price, and this naturally is drawing down the overall median price.” (Article Published … read more →

From the Article: “And you thought 5 percent was a good rate? After already bringing mortgage rates down near 50-year lows, Fed Chief Ben Bernanke unleashed a surprise attack on the housing slump Wednesday by announcing aggressive steps that should make home loans even more attractive. ” (Article published at Yahoo! Real Estate. Read it … read more →

The number of homes facing foreclosure in Dallas for April is up almost 30 percent from a year ago to one of the highest volumes on record, Addison-based Foreclosure Listing Service said Thursday… (Article published in the Dallas Morning News. Read it here.)

(From the Article) The median price of a single-family home in Central Texas was $189,900, up 5% from February 2008. There were 1,116 single-family homes sold in February 2009, a 28% decrease as compared to one year ago. Collectively, sales in February 2009 contributed $271,048,500 to the local economy.” (Published at RISMedia.com. Read it Here)

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